cryptomarket
8.5M views
4,281 Posts
Hot
Latest
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
Recently, Michael Saylor’s software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategy’s decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoin’s performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the company’s prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylor’s statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARA’s Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
Shift in Investor’s View
Despite numerous firms now embracing a Bitcoin-first strategy, Michael Saylor likely sees MARA’s chances of meeting the goals as high considering its current stock performance.
The potential inclusion of MARA in the Nasdaq 100 would mark a significant milestone for the company and the broader cryptocurrency industry, reflecting its integration into mainstream financial indices.
As the cryptocurrency market continues to grow, the inclusion of companies like MARA in major indices could signal a shift in how traditional investors view and engage with digital currencies and their infrastructure.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Recently, Michael Saylor’s software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategy’s decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoin’s performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the company’s prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylor’s statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARA’s Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
Shift in Investor’s View
Despite numerous firms now embracing a Bitcoin-first strategy, Michael Saylor likely sees MARA’s chances of meeting the goals as high considering its current stock performance.
The potential inclusion of MARA in the Nasdaq 100 would mark a significant milestone for the company and the broader cryptocurrency industry, reflecting its integration into mainstream financial indices.
As the cryptocurrency market continues to grow, the inclusion of companies like MARA in major indices could signal a shift in how traditional investors view and engage with digital currencies and their infrastructure.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
New US Financial Services chair French Hill targets crypto regulation in first 100 days
New US Financial Services chair French Hill targets crypto regulation in first 100 days
French Hill, Arkansas Republican and the new chairman of the House Financial Services Committee has his eyes locked on crypto.
Hill, who took the reins on December 13, laid out a clear agenda on CNBC’s Squawk Box. Hill’s top priority? To fix the regulatory chaos that’s been crippling the crypto industry while pushing innovation and making U.S. financial markets more competitive.
He has come into this role amid huge political changes, including the Republican Party’s sweeping victories in November. These changes, along with SEC Chair Gary Gensler’s upcoming resignation, have triggered a full-on bull run.
Crypto regulation, stablecoins, and FIT21
Hill wants to end the SEC’s “regulation by enforcement” approach, he said. “We need a market structure for digital assets… This is not helping America succeed.”
At the heart of Hill’s strategy is the Financial Innovation and Technology for the 21st Century Act, or FIT21. This comprehensive bill proposes a regulatory framework for crypto, dividing oversight between the SEC and the Commodity Futures Trading Commission (CFTC) based on a project’s level of decentralization.
Despite passing in the House earlier this year, the bill stalled in the Senate. Hill is determined to push it forward, with House Majority Leader Steve Scalise promising to prioritize the legislation within the first 100 days of the new congressional session.
Stablecoins are another pillar of Hill’s agenda. He’s advocating for a U.S.-backed stablecoin as part of broader efforts to modernize payment systems and keep America competitive.
“Our Majority Leader Steve Scalise has it on his first 100 days of the House to move a regulatory structure bill for digital assets,” Hill said.
A strategic Bitcoin reserve?
One of the most intriguing topics Hill addressed is the idea of a national Bitcoin reserve. This concept has gained traction among Republicans, with President-elect Donald Trump pledging to establish such a reserve during his campaign.
Wyoming Senator Cynthia Lummis, a prominent crypto lover, has already drafted a bill that would require the U.S. Treasury to acquire one million Bitcoin over five years.
Texas Representative Giovanni Capriglione is pursuing a similar plan at the state level, proposing a Bitcoin reserve funded through donations.
When asked about the federal government adopting a Bitcoin reserve, Hill expressed caution. “I’d have to think long and hard about what value that is to the United States or the Treasury,” he said during the interview.
His response suggests a more measured approach compared to the outright enthusiasm shown by some of his Republican colleagues.
Trump is considering handing the CFTC oversight of digital assets, a move that would classify most crypto projects as commodities if they meet certain criteria. Trump has also nominated Paul Atkins, a known crypto advocate, to replace Gensler as SEC chair.
Atkins’ past work as co-chair of the Digital Chamber’s Token Alliance is seen as a promising sign for the industry, which has long been calling for leadership that understands the nuances of blockchain technology.
Banking reforms and capital markets
Hill isn’t just focused on crypto. His agenda includes reforms aimed at easing the regulatory burden on smaller banks and improving capital formation for public companies.
He criticized the current banking regulations for driving consolidation toward the largest financial institutions.
“The regulatory burden actually pushes consolidation in the banking industry to the largest bank because nobody can cope with the regulatory burden,” Hill said.
His focus on capital markets is just as sharp. Hill wants to remove what he calls “barnacles on the ship of state,” referring to outdated rules that make it harder for companies to go public.
He’s pushing for a streamlined regulatory environment that encourages innovation while maintaining strong consumer protections. These reforms, Hill argues, will make U.S. markets more attractive and competitive on a global scale.
Hill also emphasized the need for stronger partnerships between banks and fintech companies. He believes fintech can play a critical role in improving compliance and customer service, two areas where traditional banking often falls short.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
#USfinancialService #Bitcoin #USACrypto #cryptomarket #CryptoNews
French Hill, Arkansas Republican and the new chairman of the House Financial Services Committee has his eyes locked on crypto.
Hill, who took the reins on December 13, laid out a clear agenda on CNBC’s Squawk Box. Hill’s top priority? To fix the regulatory chaos that’s been crippling the crypto industry while pushing innovation and making U.S. financial markets more competitive.
He has come into this role amid huge political changes, including the Republican Party’s sweeping victories in November. These changes, along with SEC Chair Gary Gensler’s upcoming resignation, have triggered a full-on bull run.
Crypto regulation, stablecoins, and FIT21
Hill wants to end the SEC’s “regulation by enforcement” approach, he said. “We need a market structure for digital assets… This is not helping America succeed.”
At the heart of Hill’s strategy is the Financial Innovation and Technology for the 21st Century Act, or FIT21. This comprehensive bill proposes a regulatory framework for crypto, dividing oversight between the SEC and the Commodity Futures Trading Commission (CFTC) based on a project’s level of decentralization.
Despite passing in the House earlier this year, the bill stalled in the Senate. Hill is determined to push it forward, with House Majority Leader Steve Scalise promising to prioritize the legislation within the first 100 days of the new congressional session.
Stablecoins are another pillar of Hill’s agenda. He’s advocating for a U.S.-backed stablecoin as part of broader efforts to modernize payment systems and keep America competitive.
“Our Majority Leader Steve Scalise has it on his first 100 days of the House to move a regulatory structure bill for digital assets,” Hill said.
A strategic Bitcoin reserve?
One of the most intriguing topics Hill addressed is the idea of a national Bitcoin reserve. This concept has gained traction among Republicans, with President-elect Donald Trump pledging to establish such a reserve during his campaign.
Wyoming Senator Cynthia Lummis, a prominent crypto lover, has already drafted a bill that would require the U.S. Treasury to acquire one million Bitcoin over five years.
Texas Representative Giovanni Capriglione is pursuing a similar plan at the state level, proposing a Bitcoin reserve funded through donations.
When asked about the federal government adopting a Bitcoin reserve, Hill expressed caution. “I’d have to think long and hard about what value that is to the United States or the Treasury,” he said during the interview.
His response suggests a more measured approach compared to the outright enthusiasm shown by some of his Republican colleagues.
Trump is considering handing the CFTC oversight of digital assets, a move that would classify most crypto projects as commodities if they meet certain criteria. Trump has also nominated Paul Atkins, a known crypto advocate, to replace Gensler as SEC chair.
Atkins’ past work as co-chair of the Digital Chamber’s Token Alliance is seen as a promising sign for the industry, which has long been calling for leadership that understands the nuances of blockchain technology.
Banking reforms and capital markets
Hill isn’t just focused on crypto. His agenda includes reforms aimed at easing the regulatory burden on smaller banks and improving capital formation for public companies.
He criticized the current banking regulations for driving consolidation toward the largest financial institutions.
“The regulatory burden actually pushes consolidation in the banking industry to the largest bank because nobody can cope with the regulatory burden,” Hill said.
His focus on capital markets is just as sharp. Hill wants to remove what he calls “barnacles on the ship of state,” referring to outdated rules that make it harder for companies to go public.
He’s pushing for a streamlined regulatory environment that encourages innovation while maintaining strong consumer protections. These reforms, Hill argues, will make U.S. markets more attractive and competitive on a global scale.
Hill also emphasized the need for stronger partnerships between banks and fintech companies. He believes fintech can play a critical role in improving compliance and customer service, two areas where traditional banking often falls short.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
#USfinancialService #Bitcoin #USACrypto #cryptomarket #CryptoNews
Expert Says XRP Will Explode If This Continues Until Christmas Time
Expert Says XRP Will Explode If This Continues Until Christmas Time
A recent analysis by the cryptocurrency analyst Charting Guy on X has drawn attention to XRP’s current market dynamics.
The analyst suggests that if XRP’s price movement continues to mirror its 2017 trajectory, the cryptocurrency might be on the cusp of a significant breakout. However, it may follow a brief period of consolidation.
Analysis Overview
Charting Guy highlighted that XRP might consolidate until Christmas. Following this, a dramatic upward movement, similar to the one observed in late 2017, could occur, lasting about a month until late January.
This projection aligns with historical trends where XRP experienced sharp rallies after periods of accumulation and low volatility.
This perspective is supported by the historical price chart included in the discussion.
The chart showcases key moments in XRP’s price history, including its massive rally in late 2017 and its similar, although shorter-lived, rally in early 2021.
The ongoing consolidation period in late 2024 and early 2025 appears to fit the cyclical behavior seen in previous market cycles.
Community Commentary
Adding to the analysis, an X user, Bassi, provided further insight into how the timing of these potential movements could align with broader narratives. Bassi speculated that a rally around December 30 could be attributed to Christmas hype or Ripple’s stable coin (RLUSD) related developments.
Furthermore, they projected January 20 as a potential peak, coinciding with the U.S. Presidential Inauguration Day. This date could mark a turning point for XRP, with the community likely labeling any subsequent downturn as a “sell the news” event.
Factors Influencing the Outlook
The discussion underscores several factors that could influence XRP’s price trajectory:
Historical Patterns: XRP’s past rallies have often followed long periods of consolidation, suggesting that the current phase might precede significant price action.
Market Sentiment: Speculative narratives, such as the holiday season or major institutional developments, often play a role in driving short-term price movements in the cryptocurrency market.
Macro Events: Broader market conditions, including regulatory developments, macroeconomic trends, and Bitcoin’s price performance, are likely to have an indirect impact on XRP’s trajectory.
Ripple Developments: Any updates from Ripple, such as progress in adoption or partnerships, could also act as catalysts for price movements.
#XRP #XRPprice #Altcoins #cryptomarket #CryptoNews
A recent analysis by the cryptocurrency analyst Charting Guy on X has drawn attention to XRP’s current market dynamics.
The analyst suggests that if XRP’s price movement continues to mirror its 2017 trajectory, the cryptocurrency might be on the cusp of a significant breakout. However, it may follow a brief period of consolidation.
Analysis Overview
Charting Guy highlighted that XRP might consolidate until Christmas. Following this, a dramatic upward movement, similar to the one observed in late 2017, could occur, lasting about a month until late January.
This projection aligns with historical trends where XRP experienced sharp rallies after periods of accumulation and low volatility.
This perspective is supported by the historical price chart included in the discussion.
The chart showcases key moments in XRP’s price history, including its massive rally in late 2017 and its similar, although shorter-lived, rally in early 2021.
The ongoing consolidation period in late 2024 and early 2025 appears to fit the cyclical behavior seen in previous market cycles.
Community Commentary
Adding to the analysis, an X user, Bassi, provided further insight into how the timing of these potential movements could align with broader narratives. Bassi speculated that a rally around December 30 could be attributed to Christmas hype or Ripple’s stable coin (RLUSD) related developments.
Furthermore, they projected January 20 as a potential peak, coinciding with the U.S. Presidential Inauguration Day. This date could mark a turning point for XRP, with the community likely labeling any subsequent downturn as a “sell the news” event.
Factors Influencing the Outlook
The discussion underscores several factors that could influence XRP’s price trajectory:
Historical Patterns: XRP’s past rallies have often followed long periods of consolidation, suggesting that the current phase might precede significant price action.
Market Sentiment: Speculative narratives, such as the holiday season or major institutional developments, often play a role in driving short-term price movements in the cryptocurrency market.
Macro Events: Broader market conditions, including regulatory developments, macroeconomic trends, and Bitcoin’s price performance, are likely to have an indirect impact on XRP’s trajectory.
Ripple Developments: Any updates from Ripple, such as progress in adoption or partnerships, could also act as catalysts for price movements.
#XRP #XRPprice #Altcoins #cryptomarket #CryptoNews
Elon Musk's SEC Feud Sparks Outrage: Ripple, Ramaswamy, Palihapitiya Slam Corrupt Tactics
Elon Musk's SEC Feud Sparks Outrage: Ripple, Ramaswamy, Palihapitiya Slam Corrupt Tactics
Elon Musk’s SEC battle has drawn criticism from Ripple’s legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach.
SEC Faces Backlash Over Elon Musk Case: Ripple’s Legal Chief Weighs in
Elon Musk’s ongoing battles with the U.S. Securities and Exchange Commission (SEC) have sparked fresh debates over the agency’s enforcement tactics, drawing commentary from political and business figures including Ripple Chief Legal Officer Stuart Alderoty, venture capitalist Chamath Palihapitiya, and politician Vivek Ramaswamy.
Musk shared a letter on his social media platform X on Thursday from his attorney, Alex Spiro, accusing the SEC of a years-long harassment campaign against Musk and his companies.
Spiro claimed the SEC has issued a 48-hour settlement ultimatum, threatening fines or charges, allegedly driven by higher-level directives.
The letter also referenced a new SEC investigation into Neuralink and a subpoena against Spiro under coercive threats, demanding clarity on whether the SEC’s actions stem from internal or external influences like the White House.
Palihapitiya weighed in on the broader implications of SEC actions, criticizing the agency’s use of taxpayer resources. He wrote on X:
This is ridiculous. Why does the SEC think they can continue to waste government resources (ie our money) so uselessly?!
Without a reasonable check and balance, partisan bureaucrats will continue to use lawfare to create foot faults and slow down people they don’t agree with.
“And if you don’t happen to have the resources Elon has, you will be screwed. I hope people appreciate how corrupt this all is,” he warned.
Ramaswamy, recently appointed alongside Musk to lead the Department of Government Efficiency (DOGE), accused the SEC of undermining public trust.
“Here’s the worst part: the SEC regularly loses case after case in federal court because they contort their rules in illegal & unconstitutional ways,” Ramaswamy wrote, adding that their actions weaken faith in the rule of law.
Ripple’s chief legal officer joined the discussion, replying to Ramaswamy:
Ripple exposed the SEC’s lawless tactics early on. As the court said in our case: ‘The SEC is adopting its litigation positions to further its desired goal, not out of a faithful allegiance to the law.’ The question isn’t whether the SEC under Gensler is rogue—it is. The question is how we hold them accountable?
Meanwhile, a shakeup at the SEC is underway as Gary Gensler prepares to step down as Chair, signaling a potential shift in the agency’s regulatory approach.
Gensler, known for his hardline stance on cryptocurrency and financial regulations, will leave his post in January 2025. His successor, Paul Atkins, is a former SEC commissioner and a proponent of more lenient regulation, particularly in the crypto space.
Atkins’ nomination by President-elect Trump has sparked debate, with industry insiders anticipating a friendlier environment for digital assets while critics warn of reduced oversight. The transition could redefine the SEC’s priorities, pending Senate confirmation of Atkins.
#ElonMusk #SEC #cryptomarket #Altcoins #CryptoNews
Elon Musk’s SEC battle has drawn criticism from Ripple’s legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach.
SEC Faces Backlash Over Elon Musk Case: Ripple’s Legal Chief Weighs in
Elon Musk’s ongoing battles with the U.S. Securities and Exchange Commission (SEC) have sparked fresh debates over the agency’s enforcement tactics, drawing commentary from political and business figures including Ripple Chief Legal Officer Stuart Alderoty, venture capitalist Chamath Palihapitiya, and politician Vivek Ramaswamy.
Musk shared a letter on his social media platform X on Thursday from his attorney, Alex Spiro, accusing the SEC of a years-long harassment campaign against Musk and his companies.
Spiro claimed the SEC has issued a 48-hour settlement ultimatum, threatening fines or charges, allegedly driven by higher-level directives.
The letter also referenced a new SEC investigation into Neuralink and a subpoena against Spiro under coercive threats, demanding clarity on whether the SEC’s actions stem from internal or external influences like the White House.
Palihapitiya weighed in on the broader implications of SEC actions, criticizing the agency’s use of taxpayer resources. He wrote on X:
This is ridiculous. Why does the SEC think they can continue to waste government resources (ie our money) so uselessly?!
Without a reasonable check and balance, partisan bureaucrats will continue to use lawfare to create foot faults and slow down people they don’t agree with.
“And if you don’t happen to have the resources Elon has, you will be screwed. I hope people appreciate how corrupt this all is,” he warned.
Ramaswamy, recently appointed alongside Musk to lead the Department of Government Efficiency (DOGE), accused the SEC of undermining public trust.
“Here’s the worst part: the SEC regularly loses case after case in federal court because they contort their rules in illegal & unconstitutional ways,” Ramaswamy wrote, adding that their actions weaken faith in the rule of law.
Ripple’s chief legal officer joined the discussion, replying to Ramaswamy:
Ripple exposed the SEC’s lawless tactics early on. As the court said in our case: ‘The SEC is adopting its litigation positions to further its desired goal, not out of a faithful allegiance to the law.’ The question isn’t whether the SEC under Gensler is rogue—it is. The question is how we hold them accountable?
Meanwhile, a shakeup at the SEC is underway as Gary Gensler prepares to step down as Chair, signaling a potential shift in the agency’s regulatory approach.
Gensler, known for his hardline stance on cryptocurrency and financial regulations, will leave his post in January 2025. His successor, Paul Atkins, is a former SEC commissioner and a proponent of more lenient regulation, particularly in the crypto space.
Atkins’ nomination by President-elect Trump has sparked debate, with industry insiders anticipating a friendlier environment for digital assets while critics warn of reduced oversight. The transition could redefine the SEC’s priorities, pending Senate confirmation of Atkins.
#ElonMusk #SEC #cryptomarket #Altcoins #CryptoNews
$1 mln for Bitcoin? Eric Trump thinks so – Here’s what it will take
$1 mln for Bitcoin? Eric Trump thinks so – Here’s what it will take
Eric Trump predicts Bitcoin will reach $1 million on his Mena conference speech, sparking debates on America’s crypto dominance.
Right now, all the eyes are on what is next for Bitcoin [BTC] after hitting its 100k milestone. Eric Trump, the son of the former U.S. President Donald Trump, has made an audacious forecast for Bitcoin’s future.
Speaking at the Bitcoin Mena Conference in Abu Dhabi, he forecasted that BTC could go as high as $1 million in what he termed as a “financial revolution.”
But what is really compelling in this prediction is the vision Eric laid out-one that intertwines Bitcoin’s growth with America’s emergence as a crypto powerhouse.
Eric Trump’s vision for Bitcoin and America
During his speech, Eric Trump expressed unwavering confidence in Bitcoin’s unprecedented growth potential. He declared,
“I can tell you, a lot of eyes were open when Bitcoin hit $100,000, and I can tell you that a hell of a lot more eyes are going to be opened when Bitcoin hits $1 million.”
This was not just a forecast, but part of a bigger story-a vision of America as the global crypto hub, free of the shackles of over-regulation and high taxes that have long blighted innovation.
Building on this, Eric announced that the Trump administration would work to take on institutions opposing cryptocurrencies.
In his speech, the son of the president-elect said,
“Think about a President who isn’t going to allow Bitcoin and cryptocurrencies to be over-regulated and stifled by high taxes.”
This urge paints a picture of a future where innovation thrives.
Community reacts to $1M prediction
The crypto community has not taken Eric Trump’s forecast uniformly. As much as Bitcoin enthusiasts welcomed his optimism, many skeptics questioned the validity of such an ambitious target.
Curiously enough, the statement comes after Donald Trump celebrated Bitcoin’s $100,000 milestone on Truth Social recently, further putting the limelight on the growing interest of the Trump family in the cryptocurrency space.
To some market analysts, this is what Eric’s prediction could mean for the resurgence of interest, particularly in conservative and pro-Trump demographics.
However, the road to $1 million is paved with challenges which would take a perfect storm of economic and market conditions.
Could Bitcoin hit $1M?
As of this writing, Bitcoin was trading at around 101K, showing resilience amid market fluctuations.
At press time, Bitcoin’s prices were currently testing the key monthly pennant’s resistance. A break past the price level, probably on Trump’s inauguration month, could take BTC to $1M with relative ease.
Interestingly, Bitcoin’s ETF has recorded the highest inflows and volumes since the Trump administration election back in November.
The surge indicated a growing adoption by institutional investors, which could in term suggest potential significant moves in the near future.
Also, with the rising inflation and Bitcoin’s recent proximity to Gold, major investors could shift the investment portfolios to BTC.
#Bitcoin100K #BTC #EricTrump #cryptomarket #CryptoNews
Eric Trump predicts Bitcoin will reach $1 million on his Mena conference speech, sparking debates on America’s crypto dominance.
Right now, all the eyes are on what is next for Bitcoin [BTC] after hitting its 100k milestone. Eric Trump, the son of the former U.S. President Donald Trump, has made an audacious forecast for Bitcoin’s future.
Speaking at the Bitcoin Mena Conference in Abu Dhabi, he forecasted that BTC could go as high as $1 million in what he termed as a “financial revolution.”
But what is really compelling in this prediction is the vision Eric laid out-one that intertwines Bitcoin’s growth with America’s emergence as a crypto powerhouse.
Eric Trump’s vision for Bitcoin and America
During his speech, Eric Trump expressed unwavering confidence in Bitcoin’s unprecedented growth potential. He declared,
“I can tell you, a lot of eyes were open when Bitcoin hit $100,000, and I can tell you that a hell of a lot more eyes are going to be opened when Bitcoin hits $1 million.”
This was not just a forecast, but part of a bigger story-a vision of America as the global crypto hub, free of the shackles of over-regulation and high taxes that have long blighted innovation.
Building on this, Eric announced that the Trump administration would work to take on institutions opposing cryptocurrencies.
In his speech, the son of the president-elect said,
“Think about a President who isn’t going to allow Bitcoin and cryptocurrencies to be over-regulated and stifled by high taxes.”
This urge paints a picture of a future where innovation thrives.
Community reacts to $1M prediction
The crypto community has not taken Eric Trump’s forecast uniformly. As much as Bitcoin enthusiasts welcomed his optimism, many skeptics questioned the validity of such an ambitious target.
Curiously enough, the statement comes after Donald Trump celebrated Bitcoin’s $100,000 milestone on Truth Social recently, further putting the limelight on the growing interest of the Trump family in the cryptocurrency space.
To some market analysts, this is what Eric’s prediction could mean for the resurgence of interest, particularly in conservative and pro-Trump demographics.
However, the road to $1 million is paved with challenges which would take a perfect storm of economic and market conditions.
Could Bitcoin hit $1M?
As of this writing, Bitcoin was trading at around 101K, showing resilience amid market fluctuations.
At press time, Bitcoin’s prices were currently testing the key monthly pennant’s resistance. A break past the price level, probably on Trump’s inauguration month, could take BTC to $1M with relative ease.
Interestingly, Bitcoin’s ETF has recorded the highest inflows and volumes since the Trump administration election back in November.
The surge indicated a growing adoption by institutional investors, which could in term suggest potential significant moves in the near future.
Also, with the rising inflation and Bitcoin’s recent proximity to Gold, major investors could shift the investment portfolios to BTC.
#Bitcoin100K #BTC #EricTrump #cryptomarket #CryptoNews
Solana overthrows Ethereum’s 8-year reign as top ecosystem for new devs
Solana overthrows Ethereum’s 8-year reign as top ecosystem for new devs
Ethereum still has the crown for total developer activity, topping the charts across every continent around the world.
New developers flocked to the Solana ecosystem this year, overthrowing Ethereum’s eight-year reign as the top ecosystem for new developers.
However, Ethereum is still number one globally in total developer activity.
According to a Dec. 12 report from Electric Capital, the Solana ecosystem onboarded more new devs in July than the Ethereum ecosystem for the first time since 2016.
That momentum continued throughout the rest of the year, with current totals showing 7,625 new developers have joined Solana, led by developer growth in Asia, compared to Ethereum’s 6,456.
The report also noted that the Solana ecosystem had experienced an 83% jump in activity since last year.
Solana managed to briefly flip Ethereum on several fronts this year. On March. 18, Solana network activity surpassed Ethereum amid a scramble for Solana-based memecoins, while Oct. 28 saw it surpass Ethereum in daily network fee generation over 24 hours.
In total, the report found that 39,148 new developers began exploring crypto this year, down 7% from last year and roughly half the all-time high of over 77,000 in 2022.
Ethereum number one ecosystem for total developer activity
Despite the number of monthly Ethereum developers shrinking by 17% over the last year to 6,244, it’s still the biggest ecosystem for total developer activity.
According to Electric Capital’s data, Ethereum has the most active developers across Asia, Europe, North America, Africa and South America.
Ethereum’s layer-2 networks have also seen growth of 64% since 2021, while 26% of all monthly crypto developers are working on L2s and the mainnet.
Eigenlayer, the primary restaking protocol on Ethereum, was the fastest-growing developer ecosystem in 2024, with a 167% increase in monthly overall developers.
Crypto spreading around the world
Electric Capital’s report found that crypto has grown globally as well, with developer numbers increasing in Africa, South America and Asia.
In particular, Asia, Europe, and North America are flagged as the most prominent crypto hubs in 2024.
Asia leads the pack with 1 in 3 developers worldwide living on the continent, thanks partly to India onboarding the most new crypto developers in 2024.
According to Electric Capital, crypto activity now spans all time zones as well, with different parts of the globe gravitating toward different use cases.
Stablecoin transactions are consistently active, rising 3% during Asian, European, and African daylight hours.
Meanwhile, non-fungible token (NFT) trading peaks are during America’s work day, and minting peaks are during Asia’s work hours.
#SolanaGiveaway #Solana #cryptomarket #Cryptocurency #Cryptonews
Ethereum still has the crown for total developer activity, topping the charts across every continent around the world.
New developers flocked to the Solana ecosystem this year, overthrowing Ethereum’s eight-year reign as the top ecosystem for new developers.
However, Ethereum is still number one globally in total developer activity.
According to a Dec. 12 report from Electric Capital, the Solana ecosystem onboarded more new devs in July than the Ethereum ecosystem for the first time since 2016.
That momentum continued throughout the rest of the year, with current totals showing 7,625 new developers have joined Solana, led by developer growth in Asia, compared to Ethereum’s 6,456.
The report also noted that the Solana ecosystem had experienced an 83% jump in activity since last year.
Solana managed to briefly flip Ethereum on several fronts this year. On March. 18, Solana network activity surpassed Ethereum amid a scramble for Solana-based memecoins, while Oct. 28 saw it surpass Ethereum in daily network fee generation over 24 hours.
In total, the report found that 39,148 new developers began exploring crypto this year, down 7% from last year and roughly half the all-time high of over 77,000 in 2022.
Ethereum number one ecosystem for total developer activity
Despite the number of monthly Ethereum developers shrinking by 17% over the last year to 6,244, it’s still the biggest ecosystem for total developer activity.
According to Electric Capital’s data, Ethereum has the most active developers across Asia, Europe, North America, Africa and South America.
Ethereum’s layer-2 networks have also seen growth of 64% since 2021, while 26% of all monthly crypto developers are working on L2s and the mainnet.
Eigenlayer, the primary restaking protocol on Ethereum, was the fastest-growing developer ecosystem in 2024, with a 167% increase in monthly overall developers.
Crypto spreading around the world
Electric Capital’s report found that crypto has grown globally as well, with developer numbers increasing in Africa, South America and Asia.
In particular, Asia, Europe, and North America are flagged as the most prominent crypto hubs in 2024.
Asia leads the pack with 1 in 3 developers worldwide living on the continent, thanks partly to India onboarding the most new crypto developers in 2024.
According to Electric Capital, crypto activity now spans all time zones as well, with different parts of the globe gravitating toward different use cases.
Stablecoin transactions are consistently active, rising 3% during Asian, European, and African daylight hours.
Meanwhile, non-fungible token (NFT) trading peaks are during America’s work day, and minting peaks are during Asia’s work hours.
#SolanaGiveaway #Solana #cryptomarket #Cryptocurency #Cryptonews
if you have binance good. binance is a centralized platform.
but also if i were you. get onto these other decentralized/platforms.
get bitunix.
get aerodrome.
get velodrome.
get phantom.
get kraken.
get metamask.
get coinbase.
get jupiter.
get uniswap.
get mexc.
then you will understand the crypto world you tread in.
https://www.coingecko.com/en/exchanges/decentralized
but also if i were you. get onto these other decentralized/platforms.
get bitunix.
get aerodrome.
get velodrome.
get phantom.
get kraken.
get metamask.
get coinbase.
get jupiter.
get uniswap.
get mexc.
then you will understand the crypto world you tread in.
https://www.coingecko.com/en/exchanges/decentralized
XRP News: Why XRP Could Fall to $1.50 and What It Means for Investors
XRP News: Why XRP Could Fall to $1.50 and What It Means for Investors
The well-known market analyst, The Block Bull, has warned that XRP might experience a big decline in the next few weeks.
After reaching a high of $2.90 this December, XRP quickly lost its upward momentum. Meanwhile, the asset appears to have entered a correction phase, signaling a further price drop to $1.50 and even more.
XRP Price To Hit Hard
The Block Bull thinks XRP’s downward trend might already be starting. On December 12, XRP’s price dropped by 2.34%, ending a small winning streak. While XRP has shown some signs of strength since then, the analyst believes the coin could drop to $1.50 by next week.
Even this level might not hold. If XRP fails to stay above $1.50, it could fall even further to $0.50, possibly around the coming holiday season. XRP struggled at $0.50 for a long time before finally breaking past it in late 2024.
In addition to this Coinpedia reported that 39.43 million XRP tokens, worth $95.5 million, were moved to Coinbase. This follows concerns over crypto whales dumping nearly $100 million worth of XRP, which could affect its price.
Why Is XRP Struggling?
Despite a big 105% rally over the past eight days, the coin dropped sharply due to the overall weak condition of the crypto market.
Bitcoin’s struggle to stay above $100,000 is a big factor, and it has caused uncertainty across the market. Because of this, XRP has had trouble moving higher and is stuck in a range.
The analyst believes that if XRP can’t break out of this phase, the situation could get worse. However, the mid-term outlook for XRP remains bearish, with the possibility of the coin returning to its November lows.
A Ray Of Hope!
The recent sell-off has led to over $1 billion in liquidations, as many highly leveraged positions are being wiped out. While this has pushed XRP’s price down further, it also indicates that much of the speculative excess is being cleared.
Despite this negative outlook, some XRP supporters remain hopeful, pointing to Ripple’s upcoming RLUSD stablecoin launch and better regulatory conditions under the new U.S. administration.
As of now, XRP price is trading around $2.34, reflecting a drop of 4% seen in the last 24 hours with the market cap hitting $132.93 billion.
#XRP #BTC #cryptonews #cryptomarket #altcoin
The well-known market analyst, The Block Bull, has warned that XRP might experience a big decline in the next few weeks.
After reaching a high of $2.90 this December, XRP quickly lost its upward momentum. Meanwhile, the asset appears to have entered a correction phase, signaling a further price drop to $1.50 and even more.
XRP Price To Hit Hard
The Block Bull thinks XRP’s downward trend might already be starting. On December 12, XRP’s price dropped by 2.34%, ending a small winning streak. While XRP has shown some signs of strength since then, the analyst believes the coin could drop to $1.50 by next week.
Even this level might not hold. If XRP fails to stay above $1.50, it could fall even further to $0.50, possibly around the coming holiday season. XRP struggled at $0.50 for a long time before finally breaking past it in late 2024.
In addition to this Coinpedia reported that 39.43 million XRP tokens, worth $95.5 million, were moved to Coinbase. This follows concerns over crypto whales dumping nearly $100 million worth of XRP, which could affect its price.
Why Is XRP Struggling?
Despite a big 105% rally over the past eight days, the coin dropped sharply due to the overall weak condition of the crypto market.
Bitcoin’s struggle to stay above $100,000 is a big factor, and it has caused uncertainty across the market. Because of this, XRP has had trouble moving higher and is stuck in a range.
The analyst believes that if XRP can’t break out of this phase, the situation could get worse. However, the mid-term outlook for XRP remains bearish, with the possibility of the coin returning to its November lows.
A Ray Of Hope!
The recent sell-off has led to over $1 billion in liquidations, as many highly leveraged positions are being wiped out. While this has pushed XRP’s price down further, it also indicates that much of the speculative excess is being cleared.
Despite this negative outlook, some XRP supporters remain hopeful, pointing to Ripple’s upcoming RLUSD stablecoin launch and better regulatory conditions under the new U.S. administration.
As of now, XRP price is trading around $2.34, reflecting a drop of 4% seen in the last 24 hours with the market cap hitting $132.93 billion.
#XRP #BTC #cryptonews #cryptomarket #altcoin
Boyce Wafer dVFV:
yes it may fall to 1.50 for a correction
Bitcoin to $180k? Expect a 30% correction, warns VanEck
VanEck’s head of digital asset research, Matthew Sigel, has outlined a detailed forecast for the cryptocurrency market through 2025.
Sigel predicted Friday that Bitcoin btc-0.6% Bitcoin will reach $180,000 in the first quarter before experiencing a correction.
The analysis projects Ethereum eth-1.12% Ethereum reaching beyond $6,000, while coins like Solana sol-2.84% Solana and Sui sui-7.3% Sui could achieve $500 and $10, respectively.
Sigel anticipates this initial peak will be followed by a market correction, with Bitcoin pulling back 30% and altcoins experiencing deeper declines of up to 60% during the summer months.
To identify potential market tops, Sigel highlights several key indicators for investors to monitor. The research points to sustained high funding rates as a crucial signal.
He noted that when traders consistently pay funding rates above 10% for three months or longer to bet on Bitcoin price increases, it typically indicates excessive speculation in the market.
The analysis also emphasizes the importance of tracking unrealized profits among Bitcoin holders. When a large proportion of holders maintain paper gains with a profit-to-cost ratio exceeding 70%, it often signals market euphoria.
Bitcoin’s market dominance serves as another critical indicator. Sigel warns that a drop below 40% could signal excessive speculation in altcoins, typical of late-cycle market behavior.
The research attributes current market momentum largely to Donald Trump’s election victory and his administration’s projected appointments.
The anticipated crypto-friendly leadership team, including JD Vance as VP and Paul Atkins as SEC Chair, suggests a shift from previous restrictive policies toward a framework that positions Bitcoin as a strategic asset.
Following the summer correction, Sigel forecasts a market recovery in fall 2025. Major cryptocurrencies will likely reclaim their previous all-time highs by year-end.
#VanEck #Bitcoin #BTC #cryptomarket #CryptoNews
VanEck’s head of digital asset research, Matthew Sigel, has outlined a detailed forecast for the cryptocurrency market through 2025.
Sigel predicted Friday that Bitcoin btc-0.6% Bitcoin will reach $180,000 in the first quarter before experiencing a correction.
The analysis projects Ethereum eth-1.12% Ethereum reaching beyond $6,000, while coins like Solana sol-2.84% Solana and Sui sui-7.3% Sui could achieve $500 and $10, respectively.
Sigel anticipates this initial peak will be followed by a market correction, with Bitcoin pulling back 30% and altcoins experiencing deeper declines of up to 60% during the summer months.
To identify potential market tops, Sigel highlights several key indicators for investors to monitor. The research points to sustained high funding rates as a crucial signal.
He noted that when traders consistently pay funding rates above 10% for three months or longer to bet on Bitcoin price increases, it typically indicates excessive speculation in the market.
The analysis also emphasizes the importance of tracking unrealized profits among Bitcoin holders. When a large proportion of holders maintain paper gains with a profit-to-cost ratio exceeding 70%, it often signals market euphoria.
Bitcoin’s market dominance serves as another critical indicator. Sigel warns that a drop below 40% could signal excessive speculation in altcoins, typical of late-cycle market behavior.
The research attributes current market momentum largely to Donald Trump’s election victory and his administration’s projected appointments.
The anticipated crypto-friendly leadership team, including JD Vance as VP and Paul Atkins as SEC Chair, suggests a shift from previous restrictive policies toward a framework that positions Bitcoin as a strategic asset.
Following the summer correction, Sigel forecasts a market recovery in fall 2025. Major cryptocurrencies will likely reclaim their previous all-time highs by year-end.
#VanEck #Bitcoin #BTC #cryptomarket #CryptoNews
$1 mln for Bitcoin? Eric Trump thinks so – Here’s what it will take
Eric Trump predicts Bitcoin will reach $1 million on his Mena conference speech, sparking debates on America’s crypto dominance.
Right now, all the eyes are on what is next for Bitcoin [BTC] after hitting its 100k milestone. Eric Trump, the son of the former U.S. President Donald Trump, has made an audacious forecast for Bitcoin’s future.
Speaking at the Bitcoin Mena Conference in Abu Dhabi, he forecasted that BTC could go as high as $1 million in what he termed as a “financial revolution.”
But what is really compelling in this prediction is the vision Eric laid out-one that intertwines Bitcoin’s growth with America’s emergence as a crypto powerhouse.
Eric Trump’s vision for Bitcoin and America
During his speech, Eric Trump expressed unwavering confidence in Bitcoin’s unprecedented growth potential. He declared,
“I can tell you, a lot of eyes were open when Bitcoin hit $100,000, and I can tell you that a hell of a lot more eyes are going to be opened when Bitcoin hits $1 million.”
This was not just a forecast, but part of a bigger story-a vision of America as the global crypto hub, free of the shackles of over-regulation and high taxes that have long blighted innovation.
Building on this, Eric announced that the Trump administration would work to take on institutions opposing cryptocurrencies.
In his speech, the son of the president-elect said,
“Think about a President who isn’t going to allow Bitcoin and cryptocurrencies to be over-regulated and stifled by high taxes.”
This urge paints a picture of a future where innovation thrives.
Community reacts to $1M prediction
The crypto community has not taken Eric Trump’s forecast uniformly. As much as Bitcoin enthusiasts welcomed his optimism, many skeptics questioned the validity of such an ambitious target.
Curiously enough, the statement comes after Donald Trump celebrated Bitcoin’s $100,000 milestone on Truth Social recently,
#Bitcoin100K #BTC #EricTrump #cryptomarket #CryptoNews
Eric Trump predicts Bitcoin will reach $1 million on his Mena conference speech, sparking debates on America’s crypto dominance.
Right now, all the eyes are on what is next for Bitcoin [BTC] after hitting its 100k milestone. Eric Trump, the son of the former U.S. President Donald Trump, has made an audacious forecast for Bitcoin’s future.
Speaking at the Bitcoin Mena Conference in Abu Dhabi, he forecasted that BTC could go as high as $1 million in what he termed as a “financial revolution.”
But what is really compelling in this prediction is the vision Eric laid out-one that intertwines Bitcoin’s growth with America’s emergence as a crypto powerhouse.
Eric Trump’s vision for Bitcoin and America
During his speech, Eric Trump expressed unwavering confidence in Bitcoin’s unprecedented growth potential. He declared,
“I can tell you, a lot of eyes were open when Bitcoin hit $100,000, and I can tell you that a hell of a lot more eyes are going to be opened when Bitcoin hits $1 million.”
This was not just a forecast, but part of a bigger story-a vision of America as the global crypto hub, free of the shackles of over-regulation and high taxes that have long blighted innovation.
Building on this, Eric announced that the Trump administration would work to take on institutions opposing cryptocurrencies.
In his speech, the son of the president-elect said,
“Think about a President who isn’t going to allow Bitcoin and cryptocurrencies to be over-regulated and stifled by high taxes.”
This urge paints a picture of a future where innovation thrives.
Community reacts to $1M prediction
The crypto community has not taken Eric Trump’s forecast uniformly. As much as Bitcoin enthusiasts welcomed his optimism, many skeptics questioned the validity of such an ambitious target.
Curiously enough, the statement comes after Donald Trump celebrated Bitcoin’s $100,000 milestone on Truth Social recently,
#Bitcoin100K #BTC #EricTrump #cryptomarket #CryptoNews
Expert Says XRP Will Explode If This Continues Until Christmas Time
A recent analysis by the cryptocurrency analyst Charting Guy on X has drawn attention to XRP’s current market dynamics.
The analyst suggests that if XRP’s price movement continues to mirror its 2017 trajectory, the cryptocurrency might be on the cusp of a significant breakout. However, it may follow a brief period of consolidation.
Analysis Overview
Charting Guy highlighted that XRP might consolidate until Christmas. Following this, a dramatic upward movement, similar to the one observed in late 2017, could occur, lasting about a month until late January.
This projection aligns with historical trends where XRP experienced sharp rallies after periods of accumulation and low volatility.
This perspective is supported by the historical price chart included in the discussion.
The chart showcases key moments in XRP’s price history, including its massive rally in late 2017 and its similar, although shorter-lived, rally in early 2021.
The ongoing consolidation period in late 2024 and early 2025 appears to fit the cyclical behavior seen in previous market cycles.
Community Commentary
Adding to the analysis, an X user, Bassi, provided further insight into how the timing of these potential movements could align with broader narratives.
Bassi speculated that a rally around December 30 could be attributed to Christmas hype or Ripple’s stable coin (RLUSD) related developments.
Furthermore, they projected January 20 as a potential peak, coinciding with the U.S. Presidential Inauguration Day. This date could mark a turning point for XRP, with the community likely labeling any subsequent downturn as a “sell the news” event.
Factors Influencing the Outlook
The discussion underscores several factors that could influence XRP’s price trajectory:
Historical Patterns: XRP’s past rallies have often followed long periods of consolidation, suggesting that the current phase might precede significant price action.
#XRP #XRPprice #Altcoins #cryptomarket #CryptoNews
A recent analysis by the cryptocurrency analyst Charting Guy on X has drawn attention to XRP’s current market dynamics.
The analyst suggests that if XRP’s price movement continues to mirror its 2017 trajectory, the cryptocurrency might be on the cusp of a significant breakout. However, it may follow a brief period of consolidation.
Analysis Overview
Charting Guy highlighted that XRP might consolidate until Christmas. Following this, a dramatic upward movement, similar to the one observed in late 2017, could occur, lasting about a month until late January.
This projection aligns with historical trends where XRP experienced sharp rallies after periods of accumulation and low volatility.
This perspective is supported by the historical price chart included in the discussion.
The chart showcases key moments in XRP’s price history, including its massive rally in late 2017 and its similar, although shorter-lived, rally in early 2021.
The ongoing consolidation period in late 2024 and early 2025 appears to fit the cyclical behavior seen in previous market cycles.
Community Commentary
Adding to the analysis, an X user, Bassi, provided further insight into how the timing of these potential movements could align with broader narratives.
Bassi speculated that a rally around December 30 could be attributed to Christmas hype or Ripple’s stable coin (RLUSD) related developments.
Furthermore, they projected January 20 as a potential peak, coinciding with the U.S. Presidential Inauguration Day. This date could mark a turning point for XRP, with the community likely labeling any subsequent downturn as a “sell the news” event.
Factors Influencing the Outlook
The discussion underscores several factors that could influence XRP’s price trajectory:
Historical Patterns: XRP’s past rallies have often followed long periods of consolidation, suggesting that the current phase might precede significant price action.
#XRP #XRPprice #Altcoins #cryptomarket #CryptoNews
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
Recently, Michael Saylor’s software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategy’s decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoin’s performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the company’s prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylor’s statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARA’s Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Recently, Michael Saylor’s software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategy’s decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoin’s performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the company’s prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylor’s statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARA’s Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Elon Musk's SEC Feud Sparks Outrage: Ripple, Ramaswamy, Palihapitiya Slam Corrupt Tactics
Elon Musk’s SEC battle has drawn criticism from Ripple’s legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach.
SEC Faces Backlash Over Elon Musk Case: Ripple’s Legal Chief Weighs in
Elon Musk’s ongoing battles with the U.S. Securities and Exchange Commission (SEC) have sparked fresh debates over the agency’s enforcement tactics, drawing commentary from political and business figures including Ripple Chief Legal Officer Stuart Alderoty, venture capitalist Chamath Palihapitiya, and politician Vivek Ramaswamy.
Musk shared a letter on his social media platform X on Thursday from his attorney, Alex Spiro, accusing the SEC of a years-long harassment campaign against Musk and his companies.
Spiro claimed the SEC has issued a 48-hour settlement ultimatum, threatening fines or charges, allegedly driven by higher-level directives.
The letter also referenced a new SEC investigation into Neuralink and a subpoena against Spiro under coercive threats, demanding clarity on whether the SEC’s actions stem from internal or external influences like the White House.
Palihapitiya weighed in on the broader implications of SEC actions, criticizing the agency’s use of taxpayer resources. He wrote on X:
This is ridiculous. Why does the SEC think they can continue to waste government resources (ie our money) so uselessly?!
Without a reasonable check and balance, partisan bureaucrats will continue to use lawfare to create foot faults and slow down people they don’t agree with.
“And if you don’t happen to have the resources Elon has, you will be screwed. I hope people appreciate how corrupt this all is,” he warned.
Ramaswamy, recently appointed alongside Musk to lead the Department of Government Efficiency (DOGE), accused the SEC of undermining public trust.
#ElonMusk #SEC #cryptomarket #Altcoins #CryptoNews
Elon Musk’s SEC battle has drawn criticism from Ripple’s legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach.
SEC Faces Backlash Over Elon Musk Case: Ripple’s Legal Chief Weighs in
Elon Musk’s ongoing battles with the U.S. Securities and Exchange Commission (SEC) have sparked fresh debates over the agency’s enforcement tactics, drawing commentary from political and business figures including Ripple Chief Legal Officer Stuart Alderoty, venture capitalist Chamath Palihapitiya, and politician Vivek Ramaswamy.
Musk shared a letter on his social media platform X on Thursday from his attorney, Alex Spiro, accusing the SEC of a years-long harassment campaign against Musk and his companies.
Spiro claimed the SEC has issued a 48-hour settlement ultimatum, threatening fines or charges, allegedly driven by higher-level directives.
The letter also referenced a new SEC investigation into Neuralink and a subpoena against Spiro under coercive threats, demanding clarity on whether the SEC’s actions stem from internal or external influences like the White House.
Palihapitiya weighed in on the broader implications of SEC actions, criticizing the agency’s use of taxpayer resources. He wrote on X:
This is ridiculous. Why does the SEC think they can continue to waste government resources (ie our money) so uselessly?!
Without a reasonable check and balance, partisan bureaucrats will continue to use lawfare to create foot faults and slow down people they don’t agree with.
“And if you don’t happen to have the resources Elon has, you will be screwed. I hope people appreciate how corrupt this all is,” he warned.
Ramaswamy, recently appointed alongside Musk to lead the Department of Government Efficiency (DOGE), accused the SEC of undermining public trust.
#ElonMusk #SEC #cryptomarket #Altcoins #CryptoNews
Bitcoin to $180k? Expect a 30% correction, warns VanEck
Bitcoin to $180k? Expect a 30% correction, warns VanEck
VanEck’s head of digital asset research, Matthew Sigel, has outlined a detailed forecast for the cryptocurrency market through 2025.
Sigel predicted Friday that Bitcoin btc-0.6% Bitcoin will reach $180,000 in the first quarter before experiencing a correction.
The analysis projects Ethereum eth-1.12% Ethereum reaching beyond $6,000, while coins like Solana sol-2.84% Solana and Sui sui-7.3% Sui could achieve $500 and $10, respectively.
Sigel anticipates this initial peak will be followed by a market correction, with Bitcoin pulling back 30% and altcoins experiencing deeper declines of up to 60% during the summer months.
To identify potential market tops, Sigel highlights several key indicators for investors to monitor. The research points to sustained high funding rates as a crucial signal.
He noted that when traders consistently pay funding rates above 10% for three months or longer to bet on Bitcoin price increases, it typically indicates excessive speculation in the market.
The analysis also emphasizes the importance of tracking unrealized profits among Bitcoin holders. When a large proportion of holders maintain paper gains with a profit-to-cost ratio exceeding 70%, it often signals market euphoria.
Bitcoin’s market dominance serves as another critical indicator. Sigel warns that a drop below 40% could signal excessive speculation in altcoins, typical of late-cycle market behavior.
The research attributes current market momentum largely to Donald Trump’s election victory and his administration’s projected appointments.
The anticipated crypto-friendly leadership team, including JD Vance as VP and Paul Atkins as SEC Chair, suggests a shift from previous restrictive policies toward a framework that positions Bitcoin as a strategic asset.
Following the summer correction, Sigel forecasts a market recovery in fall 2025. Major cryptocurrencies will likely reclaim their previous all-time highs by year-end.
This projection assumes continued institutional adoption and supportive regulatory developments under the new administration.
This market outlook provides investors with specific price targets and warning signals to monitor, while acknowledging the impact of political developments on the crypto market.
#VanEck #Bitcoin #BTC #cryptomarket #CryptoNews
VanEck’s head of digital asset research, Matthew Sigel, has outlined a detailed forecast for the cryptocurrency market through 2025.
Sigel predicted Friday that Bitcoin btc-0.6% Bitcoin will reach $180,000 in the first quarter before experiencing a correction.
The analysis projects Ethereum eth-1.12% Ethereum reaching beyond $6,000, while coins like Solana sol-2.84% Solana and Sui sui-7.3% Sui could achieve $500 and $10, respectively.
Sigel anticipates this initial peak will be followed by a market correction, with Bitcoin pulling back 30% and altcoins experiencing deeper declines of up to 60% during the summer months.
To identify potential market tops, Sigel highlights several key indicators for investors to monitor. The research points to sustained high funding rates as a crucial signal.
He noted that when traders consistently pay funding rates above 10% for three months or longer to bet on Bitcoin price increases, it typically indicates excessive speculation in the market.
The analysis also emphasizes the importance of tracking unrealized profits among Bitcoin holders. When a large proportion of holders maintain paper gains with a profit-to-cost ratio exceeding 70%, it often signals market euphoria.
Bitcoin’s market dominance serves as another critical indicator. Sigel warns that a drop below 40% could signal excessive speculation in altcoins, typical of late-cycle market behavior.
The research attributes current market momentum largely to Donald Trump’s election victory and his administration’s projected appointments.
The anticipated crypto-friendly leadership team, including JD Vance as VP and Paul Atkins as SEC Chair, suggests a shift from previous restrictive policies toward a framework that positions Bitcoin as a strategic asset.
Following the summer correction, Sigel forecasts a market recovery in fall 2025. Major cryptocurrencies will likely reclaim their previous all-time highs by year-end.
This projection assumes continued institutional adoption and supportive regulatory developments under the new administration.
This market outlook provides investors with specific price targets and warning signals to monitor, while acknowledging the impact of political developments on the crypto market.
#VanEck #Bitcoin #BTC #cryptomarket #CryptoNews
Bitcoin Struggles to Break $100K Amid Liquidity Decline and Nvidia Stock Slump
Bitcoin Struggles to Break $100K Amid Liquidity Decline and Nvidia Stock Slump
Bitcoin (BTC), the flagship cryptocurrency, is grappling with resistance at the $100,000 mark. Over the past three weeks, its price has hovered in the $90,000–$100,000 range, raising questions about its ability to sustain its bullish momentum.
Analysts have identified two primary factors contributing to Bitcoin’s price stagnation: a significant decline in liquidity inflows and a concerning slump in Nvidia’s (NVDA) stock.
Let’s delve into these factors to understand the challenges Bitcoin faces in breaking through the psychological $100,000 barrier.
Liquidity Inflows Decline: A Key Factor Impacting Bitcoin’s Momentum
One of the main reasons Bitcoin struggles to break $100K is the sharp decline in liquidity inflows. Liquidity is the lifeblood of any financial market, and its reduction directly impacts market activity and price movements.
Data from 10X Research reveals that the market liquidity impulse index—a composite metric tracking stablecoin issuance, spot BTC ETF inflows, and futures market changes—has plummeted by over 50%. From a high of $15 billion in early November, the index now stands at $7 billion.
Spot ETFs and Stablecoin Issuance in Decline
Spot exchange-traded funds (ETFs), often touted as game-changers for cryptocurrency adoption, have seen reduced inflows. Analysts suggest that this could be due to macroeconomic uncertainties and investor hesitation as the market grapples with volatile conditions.
Additionally, stablecoin issuance—a critical liquidity provider in crypto markets—has decreased.
Stablecoins like USDT and USDC are commonly used to facilitate trading, and their lower issuance signals diminished trading activity and reduced demand for Bitcoin.
Implications for the BTC Market
The declining liquidity has a cascading effect on Bitcoin’s price action. Lower inflows lead to reduced buying pressure, making it harder for BTC to sustain upward momentum.
Furthermore, with liquidity providers stepping back, the market becomes more susceptible to price volatility and external shocks.
Nvidia Stock Slump: A Surprising Correlation with Bitcoin
Bitcoin’s recent price action has shown a strong positive correlation with Nvidia’s stock, highlighting the interconnectedness between tech equities and cryptocurrency markets.
Since bottoming out in 2022, both assets have often moved in tandem, with their current three-month correlation at 0.6.
Why Nvidia Matters to Bitcoin
Nvidia has become a key player in the cryptocurrency ecosystem, especially due to its role in GPU manufacturing for mining operations.
A slump in Nvidia’s stock signals broader tech market challenges, which could dampen investor sentiment across correlated assets like Bitcoin.
Recent concerns over AI market saturation and reduced GPU demand have contributed to Nvidia’s stock decline. This has indirectly affected Bitcoin, as investors reassess risk exposure to high-growth, volatile assets in both tech and crypto sectors.
Market Sentiment and the Correlation
The correlation between Bitcoin and Nvidia highlights how intertwined global financial markets have become. When major tech stocks like Nvidia experience turbulence, it often spills over into the crypto space, as both asset classes share overlapping investor profiles.
Broader Market Implications
The dual impact of declining liquidity and Nvidia’s slump reflects broader challenges in the crypto market. Despite significant institutional interest in Bitcoin, the lack of sustained inflows suggests caution among investors.
Institutional Hesitation
Institutions have played a pivotal role in Bitcoin’s price surge over the past year, especially through products like spot ETFs. However, the current stagnation indicates that institutions are holding back, possibly awaiting regulatory clarity or better macroeconomic conditions.
Retail Investors and Volatility
Retail investors, who were once a driving force behind Bitcoin’s bull runs, appear to be less active in the current market. Reduced retail participation, combined with the liquidity crunch, makes the market more vulnerable to sharp price swings.
What’s Next for Bitcoin?
Bitcoin’s struggle to break $100K raises questions about its immediate future. While the current stagnation is concerning, analysts remain optimistic about Bitcoin’s long-term prospects.
Catalysts for a Breakout
Increased Liquidity: A resurgence in stablecoin issuance and ETF inflows could reignite Bitcoin’s upward momentum.
Macroeconomic Stability: A more favorable global economic environment may encourage risk-on sentiment among investors.
Regulatory Clarity: Progress in crypto regulations, particularly concerning ETFs, could attract institutional inflows.
Potential Risks
On the flip side, prolonged liquidity issues and further declines in correlated assets like Nvidia could keep Bitcoin under pressure. Additionally, heightened regulatory scrutiny or macroeconomic shocks could exacerbate market uncertainties.
Conclusion
Bitcoin’s current price stagnation highlights the interplay between liquidity dynamics and broader market factors, such as Nvidia’s stock performance.
While the $100,000 milestone remains elusive, the challenges are not insurmountable. As the crypto market matures, factors like increased liquidity, institutional interest, and technological advancements are likely to pave the way for future growth.
#bitcoin100k #cryptocurrencies #cryptomarket #Altcoins #Cryptonews
Bitcoin (BTC), the flagship cryptocurrency, is grappling with resistance at the $100,000 mark. Over the past three weeks, its price has hovered in the $90,000–$100,000 range, raising questions about its ability to sustain its bullish momentum.
Analysts have identified two primary factors contributing to Bitcoin’s price stagnation: a significant decline in liquidity inflows and a concerning slump in Nvidia’s (NVDA) stock.
Let’s delve into these factors to understand the challenges Bitcoin faces in breaking through the psychological $100,000 barrier.
Liquidity Inflows Decline: A Key Factor Impacting Bitcoin’s Momentum
One of the main reasons Bitcoin struggles to break $100K is the sharp decline in liquidity inflows. Liquidity is the lifeblood of any financial market, and its reduction directly impacts market activity and price movements.
Data from 10X Research reveals that the market liquidity impulse index—a composite metric tracking stablecoin issuance, spot BTC ETF inflows, and futures market changes—has plummeted by over 50%. From a high of $15 billion in early November, the index now stands at $7 billion.
Spot ETFs and Stablecoin Issuance in Decline
Spot exchange-traded funds (ETFs), often touted as game-changers for cryptocurrency adoption, have seen reduced inflows. Analysts suggest that this could be due to macroeconomic uncertainties and investor hesitation as the market grapples with volatile conditions.
Additionally, stablecoin issuance—a critical liquidity provider in crypto markets—has decreased.
Stablecoins like USDT and USDC are commonly used to facilitate trading, and their lower issuance signals diminished trading activity and reduced demand for Bitcoin.
Implications for the BTC Market
The declining liquidity has a cascading effect on Bitcoin’s price action. Lower inflows lead to reduced buying pressure, making it harder for BTC to sustain upward momentum.
Furthermore, with liquidity providers stepping back, the market becomes more susceptible to price volatility and external shocks.
Nvidia Stock Slump: A Surprising Correlation with Bitcoin
Bitcoin’s recent price action has shown a strong positive correlation with Nvidia’s stock, highlighting the interconnectedness between tech equities and cryptocurrency markets.
Since bottoming out in 2022, both assets have often moved in tandem, with their current three-month correlation at 0.6.
Why Nvidia Matters to Bitcoin
Nvidia has become a key player in the cryptocurrency ecosystem, especially due to its role in GPU manufacturing for mining operations.
A slump in Nvidia’s stock signals broader tech market challenges, which could dampen investor sentiment across correlated assets like Bitcoin.
Recent concerns over AI market saturation and reduced GPU demand have contributed to Nvidia’s stock decline. This has indirectly affected Bitcoin, as investors reassess risk exposure to high-growth, volatile assets in both tech and crypto sectors.
Market Sentiment and the Correlation
The correlation between Bitcoin and Nvidia highlights how intertwined global financial markets have become. When major tech stocks like Nvidia experience turbulence, it often spills over into the crypto space, as both asset classes share overlapping investor profiles.
Broader Market Implications
The dual impact of declining liquidity and Nvidia’s slump reflects broader challenges in the crypto market. Despite significant institutional interest in Bitcoin, the lack of sustained inflows suggests caution among investors.
Institutional Hesitation
Institutions have played a pivotal role in Bitcoin’s price surge over the past year, especially through products like spot ETFs. However, the current stagnation indicates that institutions are holding back, possibly awaiting regulatory clarity or better macroeconomic conditions.
Retail Investors and Volatility
Retail investors, who were once a driving force behind Bitcoin’s bull runs, appear to be less active in the current market. Reduced retail participation, combined with the liquidity crunch, makes the market more vulnerable to sharp price swings.
What’s Next for Bitcoin?
Bitcoin’s struggle to break $100K raises questions about its immediate future. While the current stagnation is concerning, analysts remain optimistic about Bitcoin’s long-term prospects.
Catalysts for a Breakout
Increased Liquidity: A resurgence in stablecoin issuance and ETF inflows could reignite Bitcoin’s upward momentum.
Macroeconomic Stability: A more favorable global economic environment may encourage risk-on sentiment among investors.
Regulatory Clarity: Progress in crypto regulations, particularly concerning ETFs, could attract institutional inflows.
Potential Risks
On the flip side, prolonged liquidity issues and further declines in correlated assets like Nvidia could keep Bitcoin under pressure. Additionally, heightened regulatory scrutiny or macroeconomic shocks could exacerbate market uncertainties.
Conclusion
Bitcoin’s current price stagnation highlights the interplay between liquidity dynamics and broader market factors, such as Nvidia’s stock performance.
While the $100,000 milestone remains elusive, the challenges are not insurmountable. As the crypto market matures, factors like increased liquidity, institutional interest, and technological advancements are likely to pave the way for future growth.
#bitcoin100k #cryptocurrencies #cryptomarket #Altcoins #Cryptonews
Big Breaking: SEC’s Gensler Threatens Elon Musk with Charges Unless He Settles in 48 Hours
SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, warning him of potential charges unless payment is made within 48 hours.
The Securities and Exchange Commission is reportedly preparing multiple charges, but the letter remains vague about the specifics, such as the exact nature of the charges and how many of Musk’s companies are involved.
The SEC is investigating his brain-computer interface company Neuralink and the latest letter stated that the SEC had “reopened” its probe into Neuralink this week.
It also revealed that Musk’s attorney, Alex Spiro, was subpoenaed by the SEC, with threats of a process server if he didn’t comply.
Amid the chaos, Musk took to his X handle and wrote, “The SEC is just another weaponized institution doing political dirty work.”
For the unversed, the SEC has been investigating Elon Musk for delaying the disclosure of his 9.2% stake in Twitter.
He only revealed his stake on April 4, 2022, about ten days after surpassing the 5% disclosure threshold required by law.
According to the Hart-Scott-Rodino Act, anyone who acquires at least 5% of a public company must disclose it within ten days.
In May 2024, Musk agreed to testify in the SEC’s investigation but failed to comply with their deposition request, leading the SEC to seek sanctions in a San Francisco court.
Experts React To Gensler’s Latest Action
Pro-XRP lawyer John Deaton reacted to the news, saying this is how the SEC treats the richest man in the world. He pointed out that small businesses and entrepreneurs, without the resources Elon Musk has, are likely treated even worse.
Deaton brought to attention how the SEC’s actions in the LBRY case show their aggressive tactics, threatening to bankrupt Jeremy Kauffman and LBRY before even filing a lawsuit.
He also said that Ripple and CEO Brad Garlinghouse spent over $150 million defending themselves.
#ElonMusk #SEC #cryptotrading #cryptomarket #cryptonews
SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, warning him of potential charges unless payment is made within 48 hours.
The Securities and Exchange Commission is reportedly preparing multiple charges, but the letter remains vague about the specifics, such as the exact nature of the charges and how many of Musk’s companies are involved.
The SEC is investigating his brain-computer interface company Neuralink and the latest letter stated that the SEC had “reopened” its probe into Neuralink this week.
It also revealed that Musk’s attorney, Alex Spiro, was subpoenaed by the SEC, with threats of a process server if he didn’t comply.
Amid the chaos, Musk took to his X handle and wrote, “The SEC is just another weaponized institution doing political dirty work.”
For the unversed, the SEC has been investigating Elon Musk for delaying the disclosure of his 9.2% stake in Twitter.
He only revealed his stake on April 4, 2022, about ten days after surpassing the 5% disclosure threshold required by law.
According to the Hart-Scott-Rodino Act, anyone who acquires at least 5% of a public company must disclose it within ten days.
In May 2024, Musk agreed to testify in the SEC’s investigation but failed to comply with their deposition request, leading the SEC to seek sanctions in a San Francisco court.
Experts React To Gensler’s Latest Action
Pro-XRP lawyer John Deaton reacted to the news, saying this is how the SEC treats the richest man in the world. He pointed out that small businesses and entrepreneurs, without the resources Elon Musk has, are likely treated even worse.
Deaton brought to attention how the SEC’s actions in the LBRY case show their aggressive tactics, threatening to bankrupt Jeremy Kauffman and LBRY before even filing a lawsuit.
He also said that Ripple and CEO Brad Garlinghouse spent over $150 million defending themselves.
#ElonMusk #SEC #cryptotrading #cryptomarket #cryptonews
ALEXDIAS:
jail is near garyzinho
"🚀 Buying Opportunity Alert! 🚀
Current price is testing the Buying Zone. Watch for potential bullish momentum if support holds! 📈
What's your take – breakout or reversal? 🤔💬
#WIFUSDT $WIF #cryptotrading #cryptomarket #Bullrun2025
Current price is testing the Buying Zone. Watch for potential bullish momentum if support holds! 📈
What's your take – breakout or reversal? 🤔💬
#WIFUSDT $WIF #cryptotrading #cryptomarket #Bullrun2025
joecolecrypto:
breakout
Dogecoin rally to $0.50 imminent after DOGE’s ‘overbought’ conditions cool down
Dogecoin rally to $0.50 imminent after DOGE’s ‘overbought’ conditions cool down
Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out.
After a 208% breakout in early November, Dogecoin DOGE $0.3981 has consolidated within a tight range between $0.35 and $0.48 for four weeks.
DOGE’s recent price correction led to a breakout below an ascending trendline, indicating a potential bearish trend shift.
However, one analyst pointed out that Dogecoin could be on the brink of another uptrend based on a key technical indicator and repetitive setup from March 2024.
Dogecoin uptrend could happen “any time”
Despite a 16% decline this week, Trader Tardigrade, a crypto pattern analyst, pointed out that Dogecoin’s strong overbought signal of the daily RSI has been reset.
An overbought condition on the relative strength index (RSI) indicates the possibility of traders selling the crypto asset, which can cause a short-term decline in value.
Previously, when the RSI’s overbought condition “eased back” to 50 in March 2024, a strong uptrend was observed on its daily chart.
Based on the chart, the analyst hinted that a breakout above $0.50 over the next few days could happen “at any time.”
Data from Santiment, a data analytics platform, also mentioned that DOGE’s “mean dollar invested age” is flashing a bullish signal.
The mean age of investment is down 31% in eight weeks for the crypto asset, indicating that dormant coins are returning to circulation. With respect to bullish momentum, the platform mentioned in an X post,
“The 2017 and 2021 bull markets similarly did not come to a halt until assets' mean ages started going "up" (getting older) again.”
DOGE could see a liquidity swipe between $0.32 to $0.34
While the long-term trend remains bullish, Dogecoin can drop to collect liquidity between $0.32 and $0.34 before exhibiting a higher high value.
As observed, DOGE’s recent lows at $0.365 were swiped on Nov. 26, but further liquidity lows remain around $0.34 and $0.32.
In March 2024, a similar bullish breakout created liquidity lows near $0.12 and $0.10, after which DOGE retraced before continuing the trend.
The important observation is that RSI eased back to 50 during the same time (as illustrated above) as the 50-day EMA was tested.
Other similar confluences include the daily bearish engulfing pattern and ascending trendline breakout below, underlying the strong similarity of the past and present setup.
Thus, a retest of the 50-day EMA and a drop to $0.34 and $0.32 can occur before its next bullish leg up.
#DOGE #memecoin #cryptomarket #CryptoNews
Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out.
After a 208% breakout in early November, Dogecoin DOGE $0.3981 has consolidated within a tight range between $0.35 and $0.48 for four weeks.
DOGE’s recent price correction led to a breakout below an ascending trendline, indicating a potential bearish trend shift.
However, one analyst pointed out that Dogecoin could be on the brink of another uptrend based on a key technical indicator and repetitive setup from March 2024.
Dogecoin uptrend could happen “any time”
Despite a 16% decline this week, Trader Tardigrade, a crypto pattern analyst, pointed out that Dogecoin’s strong overbought signal of the daily RSI has been reset.
An overbought condition on the relative strength index (RSI) indicates the possibility of traders selling the crypto asset, which can cause a short-term decline in value.
Previously, when the RSI’s overbought condition “eased back” to 50 in March 2024, a strong uptrend was observed on its daily chart.
Based on the chart, the analyst hinted that a breakout above $0.50 over the next few days could happen “at any time.”
Data from Santiment, a data analytics platform, also mentioned that DOGE’s “mean dollar invested age” is flashing a bullish signal.
The mean age of investment is down 31% in eight weeks for the crypto asset, indicating that dormant coins are returning to circulation. With respect to bullish momentum, the platform mentioned in an X post,
“The 2017 and 2021 bull markets similarly did not come to a halt until assets' mean ages started going "up" (getting older) again.”
DOGE could see a liquidity swipe between $0.32 to $0.34
While the long-term trend remains bullish, Dogecoin can drop to collect liquidity between $0.32 and $0.34 before exhibiting a higher high value.
As observed, DOGE’s recent lows at $0.365 were swiped on Nov. 26, but further liquidity lows remain around $0.34 and $0.32.
In March 2024, a similar bullish breakout created liquidity lows near $0.12 and $0.10, after which DOGE retraced before continuing the trend.
The important observation is that RSI eased back to 50 during the same time (as illustrated above) as the 50-day EMA was tested.
Other similar confluences include the daily bearish engulfing pattern and ascending trendline breakout below, underlying the strong similarity of the past and present setup.
Thus, a retest of the 50-day EMA and a drop to $0.34 and $0.32 can occur before its next bullish leg up.
#DOGE #memecoin #cryptomarket #CryptoNews
SUI Hits All-Time High with Record $555M DEX Volume, Eyes $6.61 Target
Will the bullish technical setup in SUI lead to a $5 breakout rally amidst improving network performance and growing demand?
With a new all-time high of $4.87, SUI is inching closer to the $5 psychological mark. A bullish trend is in play, and SUI’s decentralized exchange volumes are hitting record highs.
With a market cap of $13.56 billion, SUI ranks as the 16th largest cryptocurrency in the market. Despite the intraday pullback, its 30-day returns of 58% make it a high-performing token.
SUI Price Performance
On the 4-hour chart, SUI’s price action reveals a rising channel pattern. The price trend within the channel showcases a massive V-shaped reversal, testing the overhead trendline.
This resulted in a new all-time high for SUI at $4.8790. Currently, the SUI price is experiencing a minor pullback after testing the resistance trendline.
As per the trend-based Fibonacci levels, the bullish recovery failed to maintain dominance above the 78.60% Fibonacci level at $4.83. This resulted in a close dip to the 61.80% Fibonacci level at $4.46.
The pullback brought the SUI price down to a low of $4.54, maintaining dominance above the $4.50 psychological mark and avoiding a retest of the Fibonacci support. This indicates a crucial demand zone between $4.46 and $4.54.
Meanwhile, the price trend reveals a small recovery, with SUI currently trading at $4.633. Despite the strong recovery, the minor pullback has brought the MACD and signal lines closer together, warning of a potential bearish crossover.
Additionally, the RSI line has dropped from the overbought zone and is testing the 14-day SMA line.
SUI DEX Volume Hits $555M
Amid the recent price surge, SUI has set a new 24-hour high for decentralized exchange volume. At $555 million, SUI has entered the list of the top 5 chains by 24-hour volume for the first time in its history.
#SUI #Altcoins #cryptocurrencies #cryptomarket #CryptoNews
Will the bullish technical setup in SUI lead to a $5 breakout rally amidst improving network performance and growing demand?
With a new all-time high of $4.87, SUI is inching closer to the $5 psychological mark. A bullish trend is in play, and SUI’s decentralized exchange volumes are hitting record highs.
With a market cap of $13.56 billion, SUI ranks as the 16th largest cryptocurrency in the market. Despite the intraday pullback, its 30-day returns of 58% make it a high-performing token.
SUI Price Performance
On the 4-hour chart, SUI’s price action reveals a rising channel pattern. The price trend within the channel showcases a massive V-shaped reversal, testing the overhead trendline.
This resulted in a new all-time high for SUI at $4.8790. Currently, the SUI price is experiencing a minor pullback after testing the resistance trendline.
As per the trend-based Fibonacci levels, the bullish recovery failed to maintain dominance above the 78.60% Fibonacci level at $4.83. This resulted in a close dip to the 61.80% Fibonacci level at $4.46.
The pullback brought the SUI price down to a low of $4.54, maintaining dominance above the $4.50 psychological mark and avoiding a retest of the Fibonacci support. This indicates a crucial demand zone between $4.46 and $4.54.
Meanwhile, the price trend reveals a small recovery, with SUI currently trading at $4.633. Despite the strong recovery, the minor pullback has brought the MACD and signal lines closer together, warning of a potential bearish crossover.
Additionally, the RSI line has dropped from the overbought zone and is testing the 14-day SMA line.
SUI DEX Volume Hits $555M
Amid the recent price surge, SUI has set a new 24-hour high for decentralized exchange volume. At $555 million, SUI has entered the list of the top 5 chains by 24-hour volume for the first time in its history.
#SUI #Altcoins #cryptocurrencies #cryptomarket #CryptoNews
3 Cryptocurrencies That Reached All-Time Highs Today — December 12
3 Cryptocurrencies That Reached All-Time Highs Today — December 12
SUI surged 29%, hitting a new all-time high of $4.91, supported by strong investor interest; $4.37 is a crucial support level.
MANTRA (OM) reached a new ATH of $4.63 before pulling back, with future price action dependent on market sentiment and support at $3.47.
Bitget Token (BGB) continued its streak of new ATHs, hitting $3.38, but could face a pullback if market sentiment shifts; $2.49 is key support.
With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin’s lead, with some even noting new highs.
BeInCrypto has analyzed three such crypto tokens that have recorded new all-time highs over the last 24 hours.
Sui (SUI):SUI price has surged by 29% over the last 24 hours, reaching $4.80. The altcoin recently hit a new all-time high (ATH) of $4.91 during today’s intra-day session. This sharp rise indicates strong investor interest and market momentum, with SUI performing well in the current bullish environment.
SUI has established solid support at $4.37, which should help the altcoin retain its value even if a correction occurs. Holding above this support would allow SUI to regroup and potentially form new ATHs.
If SUI fails to maintain the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push SUI closer to the $3.20 mark. Such a scenario would invalidate the current bullish outlook for the altcoin.
MANTRA (OM):OM price has been stuck in a sideways trend for more than three weeks, following a massive 64% price surge in a single day. The altcoin’s price action has lacked clear direction, as traders appear cautious amid the broader market uncertainty. A break from this consolidation is expected soon.
Over the last 24 hours, the crypto token formed a new all-time high (ATH) at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, though the pullback suggests that some profit-taking is occurring. The altcoin remains volatile, with future price action dependent on market sentiment.
There is a strong possibility that OM could dip further to test its support level at $3.47. If the altcoin holds above this key level, it is likely to consolidate. A failure to maintain support could signal a deeper correction, leading to a potential retest of lower price levels.
Bitget Token (BGB):BGB has maintained its impressive streak of setting new all-time highs (ATH) daily, with the latest peak reaching $3.38 after a 22% increase in the last 24 hours. This consistent growth highlights strong demand and investor interest, suggesting that the altcoin remains a key player in the current market rally.
While the ATH streak is expected to continue, there is a risk that BGB could experience a pullback if the broader market cools down. Market fluctuations could potentially slow its upward momentum, especially if investor sentiment shifts or profit-taking becomes more widespread in the coming days.
A correction could send BGB’s price back to the $2.49 level, which could act as key support. If the altcoin holds above this level, it may regain upward momentum. However, if BGB fails to sustain this support, the price could drop to $1.79, potentially invalidating the current bullish outlook.
#Altcoins #cryptocurrency #Bitcoin #cryptomarket #CryptoNews
SUI surged 29%, hitting a new all-time high of $4.91, supported by strong investor interest; $4.37 is a crucial support level.
MANTRA (OM) reached a new ATH of $4.63 before pulling back, with future price action dependent on market sentiment and support at $3.47.
Bitget Token (BGB) continued its streak of new ATHs, hitting $3.38, but could face a pullback if market sentiment shifts; $2.49 is key support.
With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin’s lead, with some even noting new highs.
BeInCrypto has analyzed three such crypto tokens that have recorded new all-time highs over the last 24 hours.
Sui (SUI):SUI price has surged by 29% over the last 24 hours, reaching $4.80. The altcoin recently hit a new all-time high (ATH) of $4.91 during today’s intra-day session. This sharp rise indicates strong investor interest and market momentum, with SUI performing well in the current bullish environment.
SUI has established solid support at $4.37, which should help the altcoin retain its value even if a correction occurs. Holding above this support would allow SUI to regroup and potentially form new ATHs.
If SUI fails to maintain the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push SUI closer to the $3.20 mark. Such a scenario would invalidate the current bullish outlook for the altcoin.
MANTRA (OM):OM price has been stuck in a sideways trend for more than three weeks, following a massive 64% price surge in a single day. The altcoin’s price action has lacked clear direction, as traders appear cautious amid the broader market uncertainty. A break from this consolidation is expected soon.
Over the last 24 hours, the crypto token formed a new all-time high (ATH) at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, though the pullback suggests that some profit-taking is occurring. The altcoin remains volatile, with future price action dependent on market sentiment.
There is a strong possibility that OM could dip further to test its support level at $3.47. If the altcoin holds above this key level, it is likely to consolidate. A failure to maintain support could signal a deeper correction, leading to a potential retest of lower price levels.
Bitget Token (BGB):BGB has maintained its impressive streak of setting new all-time highs (ATH) daily, with the latest peak reaching $3.38 after a 22% increase in the last 24 hours. This consistent growth highlights strong demand and investor interest, suggesting that the altcoin remains a key player in the current market rally.
While the ATH streak is expected to continue, there is a risk that BGB could experience a pullback if the broader market cools down. Market fluctuations could potentially slow its upward momentum, especially if investor sentiment shifts or profit-taking becomes more widespread in the coming days.
A correction could send BGB’s price back to the $2.49 level, which could act as key support. If the altcoin holds above this level, it may regain upward momentum. However, if BGB fails to sustain this support, the price could drop to $1.79, potentially invalidating the current bullish outlook.
#Altcoins #cryptocurrency #Bitcoin #cryptomarket #CryptoNews